Ishares Edge Msci Europe Multifactor ETF Forecast

Ishares Edge Msci Europe Multifactor ETF downgraded to Sell Candidate
(Updated on Jun 19, 2024)

IFSD.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ishares Edge Msci Europe Multifactor ETF holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at 6.72€ and 6.77€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this ETF may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued. The ETF had a Golden Star Signal on Tuesday, October 10, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the ETF in question.

Support, Risk & Stop-loss for Ishares Edge Msci Europe Multifactor ETF

Ishares Edge Msci Europe Multifactor finds support from accumulated volume at 6.54€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the ETF tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the ETF During the last day, the ETF moved 0€ between high and low, or 0%. For the last week the ETF has had daily average volatility of 0.0484%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (IFSD.L) For The Upcoming Trading Day Of Thursday 20th

For the upcoming trading day on Thursday, 20th we expect Ishares Edge Msci Europe Multifactor Ucits Etf to open at 6.61€, and during the day (based on 14 day Average True Range), to move between 6.56€ and 6.66€, which gives a possible trading interval of +/-0.0498€ (+/-0.75%) up or down from last closing price. If Ishares Edge Msci Europe Multifactor Ucits Etf takes out the full calculated possible swing range there will be an estimated 1.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 6.54€ (1.06%) than the resistance at 6.82€ (3.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Ishares Edge Msci Europe Multifactor Ucits Etf ETF A Buy?

The Ishares Edge Msci Europe Multifactor ETF holds several negative signals and despite the positive trend, we believe Ishares Edge Msci Europe Multifactor will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this ETF. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.338 Sell Candidate Downgraded

Predicted Opening Price for Ishares Edge Msci Europe Multifactor Ucits Etf of Thursday, June 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.